TSXV:CART.H - Post by User
Post by
Dragoonon Feb 03, 2021 8:44am
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Post# 32456487
Rough Note with current Gas Prices
Rough Note with current Gas PricesHello, here are my thougths on KUB.
- This is without whatever news is coming after the Trading Halt.
It is a rough note going through it fast again. Good to know where we stand before the upcoming update.
I saw in Q1 2019 with gas prices of 7.16 used by the company that they got almost 1 mln in profit. Ukraine Gas Prices are at these level again. This is without currency exchange as this chances all the time, so I leave that out. The last production from KUB was 20% lower but they now have the expenses lower as well. To keep things simple Q1 2019 I think is okay. So I think a 4+ mln USD profit in 2021 is feasible, seeing gas prices above 7 and assuming it for the year. Changing 4 million into CAD is 5 mln. Lower gas prices are possible but the RK field is going to be operating. 5 mln / 314 shares = 0.016 cad per share. Also they now have the RK fields so I would say a stable 2 cents per share is reasonable even if the production keeps going down and summer prices may be less than they are now.
There is the cash of 2 cents per share as well. Hopefully some possible spinn-offs to not be depending on the gas prices.
So I would say for 3 cents is the operations almost for free. Leaving out the bookvalue of the RK fields. Then 2 cents profit per share in 2021 is reasonable.